Other Headlines

Revised Corporate Governance Code principle-based

The Revised Code for Corporate Governance issued by the Monetary Authority of Singapore for companies listed on the Singapore Exchange will apply to annual reports issued for financial years commencing Jan 1, 2019.
Date: 25 September 2018; Type: Legal News; Source: Singapore Law Watch

MAS outlines Enforcement Approach to deter, detect and investigate Breaches of Rules and Regulations

Singapore, Sept 24 - The Monetary Authority of Singapore (MAS) has published an Enforcement monograph to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breaches of the rules and regulations it administers. The monograph outlines how MAS’ Enforcement Department works together with t ...
Date: 24 September 2018; Type: Legal News; Source: Monetary Authority of Singapore

'Kept Man' must still pay Ex-wife, Judge rules

A Family Court judge dismissed a kept man's bid to discontinue maintenance payouts to his ex-wife despite his claims that he had no income and lived off a wealthy long-term partner who will dump him on the streets if she tires of him someday.
Date: 24 September 2018; Type: Legal News; Source: Singapore Law Watch

Singapore fines Grab and Uber S$13 Million for Merger that harms Competition

SINGAPORE, Sept 24 (Bernama) - The Competition and Consumer Commission of Singapore (CCCS) has imposed financial penalties of S$6,419,647 (S$1=RM2.99) on Grab and S$6,582,055 on Uber, respectively, to deter completed, irreversible mergers that harm competition.
Date: 24 September 2018; Type: Legal News; Source: Bernama

Tech Giants may be compelled by Law to act

Technology companies may have to come under laws compelling them to act against false information online, with the Government accepting in principle recommendations by the Select Committee on Deliberate Online Falsehoods.
Date: 21 September 2018; Type: Legal News; Source: Singapore Law Watch

Court orders winding-up of Stratech, appoints Liquidators from BDO

The court sanction came after Stratech failed to garner enough support from its creditors on proposed schemes of arrangement.
Date: 21 September 2018; Type: Legal News; Source: Singapore Law Watch

Court rejects use of WhatsApp Messages in CPF Claim

A woman's bid to use WhatsApp messages from her former husband before he died to support her claim that he had wanted all his CPF money to go to their two sons, has been dismissed.
Date: 20 September 2018; Type: Legal News; Source: Singapore Law Watch

Apex Court rejects Prosecution's call to Jail, Cane Low-IQ Teen Rapist

A five-judge Court of Appeal yesterday upheld the sentence of reformative training handed down to a teenage rapist in a "difficult" case that has raised the issue of sentencing options for young offenders with intellectual disabilities.
Date: 20 September 2018; Type: Legal News; Source: Singapore Law Watch

Super Group Ltd v Mysore Nagaraja Kartik

Contract - Breach; Evidence - Presumptions - Electronic records; Evidence - Proof of evidence - Standard of proof for fraud; Limitation of Actions - Extension of limitation period - Acknowledgement

Date: 14 September 2018; Court: High Court; Citation: [2018] SGHC 192; Source: Singapore Law Watch

Cheo Ming Shen v Tiah Ewe Tiam

Contract - Breach

Date: 14 September 2018; Court: High Court; Citation: [2018] SGHC 199; Source: Singapore Law Watch

Contractor held liable for Temple Volunteer's Fatal Electrocution

A contractor in charge of tentage and electrical installations at an open-air religious event has been ordered to pay damages for negligence resulting in the death of a volunteer electrocuted by exposed wires at the site.
Date: 19 September 2018; Type: Legal News; Source: Singapore Law Watch

NTUC Foodfare Co-operative Ltd v SIA Engineering Co Ltd and Another

Civil Procedure - Offer to settle

Date: 05 September 2018; Court: Court of Appeal; Citation: [2018] SGCA 56; Source: Singapore Law Watch

Court dismisses Ex-CEO's Lawsuit over 'Betrayal'

A lawsuit brought by the former chief executive officer (CEO) of a social media company accusing his colleague of engineering his resignation by betrayal has been dismissed by the High Court.
Date: 18 September 2018; Type: Legal News; Source: Singapore Law Watch

A Karthik v Public Prosecutor

Criminal Procedure and Sentencing - Sentencing - Principles - Delay in prosecution; Criminal Procedure and Sentencing - Sentencing - Young offenders - Probation

Date: 13 September 2018; Court: High Court; Citation: [2018] SGHC 202; Source: Singapore Law Watch

MAS outlines Enforcement Approach to deter, detect and investigate Breaches of Rules and Regulations

Singapore, Sept 24 - The Monetary Authority of Singapore (MAS) has published an Enforcement monograph to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breach ...

USCFTC and MAS sign Arrangement to cooperate on FinTech Innovation Revised Code balances Governance and Risk Man guilty of perverting Course of Justice more

Singapore fines Grab and Uber S$13 Million for Merger that harms Competition

SINGAPORE, Sept 24 (Bernama) - The Competition and Consumer Commission of Singapore (CCCS) has imposed financial penalties of S$6,419,647 (S$1=RM2.99) on Grab and S$6,582,055 on Uber, respectively, to deter completed, ir ...

CCCS issues Note on Airline Alliances CCCS ends Assessment of Maritime Products Merger after Parties abandon Merger Grab/Uber merger: CCCS Provisionally finds that the Merger has substantially lessened Competition more

Super Group Ltd v Mysore Nagaraja Kartik

Contract - Breach; Evidence - Presumptions - Electronic records; Evidence - Proof of evidence - Standard of proof for fraud; Limitation of Actions - Extension of limitation period - Acknowledgement

Forest Fibers Inc v K K Asia Environmental Pte Ltd and Another, and Another suit Naughty G Pte Ltd v Fortune Marketing Pte Ltd Changes to the Strategic Goods Control List more

Apex Court rejects Prosecution's call to Jail, Cane Low-IQ Teen Rapist

A five-judge Court of Appeal yesterday upheld the sentence of reformative training handed down to a teenage rapist in a "difficult" case that has raised the issue of sentencing options for young offenders with intellectu ...

Contractor held liable for Temple Volunteer's Fatal Electrocution Court dismisses Ex-CEO's Lawsuit over 'Betrayal' A Karthik v Public Prosecutor more

INDUSTRY UPDATES

Indonesia hands over Chairmanship of ASEAN Committee to Thailand

Jakarta, Sept 25 (ANTARA News) - Indonesian Ambassador to Kuwait, Tatang Budie Utama Razak, handed over the chairmanship of ASEAN Committee in Kuwait (ACK) for the period of January-June 2018 to ACK Chairman of the next period, Ambassador of Thailand to Kuwait, Dusit Manapan, on Sept 19.

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INDUSTRY UPDATES

NLA receives Support from Labor Groups for Enactment of New Labor Protection Law

BANGKOK, Sept 26 (NNT) - Representatives of various labor groups have expressed support for the National Legislative Assembly’s enactment of a new version of the Labor Protection Act.

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INDUSTRY UPDATES

House holds Marathon Budget Deliberations to meet October Deadline

MANILA, Sept 25 (PNA) - The House of Representatives is holding marathon deliberations - even extending the plenary session until the wee hours - on the proposed PHP3.757-trillion 2019 national budget to meet its approval deadline by October 12, Speaker Gloria Macapagal-Arroyo said on Tuesday.

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INDUSTRY UPDATES

DOJ awaits BI Comments, Records on Fox Deportation Case

MANILA, Sept 25 (PNA) - Justice Secretary Menardo Guevarra has asked the Bureau of Immigration (BI) to file a formal comment on the petition for review of the government's deportation order against Australian missionary nun Patricia Fox.

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INDUSTRY UPDATES

IPOPHL to roll out Green Lane for Trademark Applications

MANILA, Sept 25 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) is set to roll out a ‘green lane’ for trademark applications that will slash the average processing time for registration, which currently takes about eight months to be approved.

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INDUSTRY UPDATES

BSP warns Public against Frauds, Scams

LEGAZPI CITY, Sept 25 (PNA) - The Bangko Sentral ng Pilipinas (BSP) on Tuesday warned the public against frauds and scams, in the wake of the fast approaching holiday season.

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INDUSTRY UPDATES

Corporate Income Tax cuts won't lead to Job Losses

MANILA, Sept 25 (PNA) - Finance Undersecretary Karl Chua said the removal of certain incentives under the proposed tax reform measure will not result in job losses.

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INDUSTRY UPDATES

Yangon Court allows Trial to resume in Celebrity Slaying

Yangon Region High Court decided on Monday to let the trial go ahead in the murder of Facebook celebrity Aung Ye Htwe and cancel the order by the district court to withdraw the case.

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INDUSTRY UPDATES

Fundamental Freedoms must be aligned with International Standards - Dewan Rakyat Speaker

KUALA LUMPUR, Sept 25 (Bernama) - Parliamentarians have to ensure that the Federal Constitution and laws relating to freedom of expression, access to information and press freedom are in line with international human right standards, said Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof.

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INDUSTRY UPDATES

SME Mart to assist Entrepreneurs Market Products Overseas

SHAH ALAM, Sept 24 (Bernama) - SME Mart, an initiative introduced by Dewan Ekonomi Usahawan Malaysia (DEUM) will serve as a platform for Small and Medium Enterprise (SME) entrepreneurs to sell their products on both the local and international market.

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INDUSTRY UPDATES

SGX proposes New “trade at close” Session for Securities Market

Singapore Exchange (SGX) is seeking public feedback on the proposed introduction of a new trading session for the securities market, the “trade at close” (TAC), which will take place after the closing auction routine ends.

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INDUSTRY UPDATES

PHL Officials to brief UK Investors on Opportunities in Infra, Other Sectors

A Duterte Cabinet delegation led by Finance Secretary Carlos Dominguez III will embark on a three-day mission to London this week to brief British investors on the vast business opportunities in the country’s infrastructure, energy and tourism sectors and explore ways to expand economic cooperation between the Philippines and the United Kingdom.

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INDUSTRY UPDATES

DOF thanks House for Final OK of Corporate Tax Reform Bill

The Department of Finance (DOF) has thanked the House of Representatives for approving on third and final reading the bill seeking to lower the corporate income tax (CIT) and correct the convoluted incentives system for businesses, as it expressed optimism that the Senate would pass a similar measure soon enough to enable the people to reap the benefits of a fair, transparent and accountable tax system in the form of more investments and jobs.

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INDUSTRY UPDATES

PH Ambassador to Bahrain participates in a Roundtable on International Labor Standards

MANAMA, Sept 24 - Philippine Ambassador to Bahrain Alfonso A. Ver participated in a roundtable discussion on various International Labor Organization’s (ILO) conventions on foreign workers with the ILO Direct Contact Mission to Bahrain on 18 September 2018.

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INDUSTRY UPDATES

HK Business Seminar puts Spotlight on Investment Opportunities in PH

HONG KONG, Sept 24  - Top-level government officials reassured potential investors in Hong Kong that the Philippines under President Rodrigo Duterte is working “non-stop” to ensure that the necessary policies, fiscal measures and legal framework relating to ease of doing business and investments are in place.

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INDUSTRY UPDATES

MAS outlines Enforcement Approach to deter, detect and investigate Breaches of Rules and Regulations

Singapore, Sept 24 - The Monetary Authority of Singapore (MAS) has published an Enforcement monograph to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breaches of the rules and regulations it administers. The monograph outlines how MAS’ Enforcement Department works together with the other financial sector oversight functions in MAS to uphold Singapore’s reputation as a clean and trusted financial centre.

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INDUSTRY UPDATES

International Maritime Community re-affirms Co-operation in the Straits of Malacca and Singapore

More than 180 participants from around 80 maritime administrations and organisations, as well as embassies in Singapore, attended the 11th Co-operation Forum this morning, where they reaffirmed their commitment to strengthen cooperation in the Straits of Malacca and Singapore (SOMS).

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INDUSTRY UPDATES

Chartered Accountant and Lawyer among those who joined Scheme as Proxy Decision-Makers

Lawyer Haryadi Hadi, 35, decided to be a professional deputy as he has wealthy clients who are single, childless or have strained ties with their loved ones and they cannot find anyone to be their proxy decision-makers should they become mentally incapacitated.

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